East Flatbush Report

East Flatbush

4TH QUARTER 2015

in East Flatbush, Brooklyn

4TH QUARTER 2015

East Flatbush Report

A quarterly analysis of multifamily sales

in East Flatbush, Brooklyn

Brooklyn Year 2015East

Flatbush Quarter 4

40 $175K

$63M 188$

25% Y-o-Y

SALES VOLUME AVERAGE PRICE/SQ. FT. NO. OF TRANSACTIONS AVERAGE PRICE/UNIT

165% Y-o-Y 33% Y-o-Y 30% Y-o-Y

Borough

Neighborhood

Multifamily Market Report, Q4 2015

East Flatbush, Brooklyn

40 $188 $63M $175K

SUMMARY

COMMUNITY DISTRICT BOUNDARIES

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Quarter

Q1

Q2

Q3

Q4

Quarter

Q1

Q2

Q3

Q4

Quarter

Q1

Q2

Q3

Q4 25

55

36

2015

25 32

2013

2014

25 31 40

2013 2014

53

2014 2015

24 31

38

39

30

51

40

23

27

2013

55

23 38 36

27 39

237 178 363

282 400

448 418 573

2015

384 499 1,254

219

55

36

51

40

0

10

20

30

40

50

60

Q1 Q2 Q3 Q4

2013 2014 2015

Average Sale Price per Unit

Number of Units Sold

Number of Transactions

Number of Buildings Sold55

36

53

40

0

10

20

30

40

50

60

Q1 Q2 Q3 Q42013 2014 2015

1,254

400

573

363

0

200

400

600

800

1,000

1,200

1,400

Q1 Q2 Q3 Q4

2013 2014 2015

Sales Volume

$29 M $34 M$22 M $19 M

$64 M

$23 M$46 M

$28 M

$66 M$47 M

$61 M

$24 M

$185 M

$57 M

$129 M

$63 M

$ M

$50 M

$100 M

$150 M

$200 M

Total Sq. Ft.

452K322K

222K 160K

493K

197K

397K

196K

519K

269K381K

159K

1,110K

354K

534K

337K

0

200K

400K

600K

800K

1,000K

1,200K

$135K

$175K

0

$50K

$100K

$150K

$200K

$250K

MULTIFAMILY STATS

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Price Y-o-Y Price Y-o-Y

Small Small $168,972 23% $176 8% $25,852,775 36 36 153 42.1%

Medium Medium $186,379 44% $211 60% $16,215,000 3 3 87 24.0%

Large Large $173,984 n/a $189 n/a $21,400,000 1 1 123 33.9%

Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)

146,785

76,720

113,398

Multifamily sizeAverage price per unit Average price per sq. ft. No. of

salesSales volume

No. of

buildings

No. of

unitsTotal Sq. Ft.

$151$188

$0

$50

$100

$150

$200

$250

$300

Large33.9%

Medium

24.0%

Small

42.1%

Average Price per Square Foot

MULTIFAMILY SIZE

Size of Multifamily Properties Sold

Number of Sold Buildings by Size

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41

1 9720 Kings Hwy 09-Nov-15 $21,400,000 Large multifamily 123 $173,984 113,398 $189 No

2 355 E 48 St 22-Oct-15 $9,000,000 Small multifamily 4 $529,412 3,280 $544 Yes

3 2505 Bedford Ave 03-Dec-15 $8,550,000 Medium multifamily 48 $178,125 37,920 $225 No

4 957 Utica Ave 30-Nov-15 $5,165,000 Medium multifamily 23 $224,565 24,400 $212 No

5 4902-4904 Avenue D 13-Nov-15 $2,500,000 Medium multifamily 16 $156,250 14,400 $174 No

6 852 Rogers Ave 23-Oct-15 $1,700,000 Small multifamily 6 $283,333 7,670 $222 No

7 1168 Willmohr St 02-Dec-15 $1,070,000 Small multifamily 4 $267,500 6,375 $168 No

8 1645 Nostrand Ave 01-Oct-15 $1,030,000 Small multifamily 6 $171,667 5,400 $191 No

9 58 E 52 St 02-Nov-15 $1,010,000 Small multifamily 6 $168,333 5,694 $177 No

10 307 E 54 St 14-Oct-15 $1,000,000 Small multifamily 6 $166,667 5,832 $171 No

11 1049 Rogers Ave 26-Oct-15 $940,000 Small multifamily 6 $156,667 4,320 $218 No

12 3824 Church Ave 20-Oct-15 $900,000 Small multifamily 6 $150,000 6,264 $144 No

13 179 E 54 St 22-Dec-15 $850,000 Small multifamily 6 $141,667 6,000 $142 No

14 271 Martense St 14-Dec-15 $830,000 Small multifamily 3 $276,667 3,528 $235 No

15 3015 Avenue D 19-Oct-15 $805,000 Small multifamily 6 $134,167 4,902 $164 No

16 411 E 54 St 29-Oct-15 $800,000 Small multifamily 6 $133,333 6,000 $133 No

17 109 E 59 St 28-Oct-15 $755,000 Small multifamily 6 $125,833 5,400 $140 No

18 294 E 34 St 13-Oct-15 $720,000 Small multifamily 3 $240,000 3,216 $224 No

19 985 Utica Ave 20-Oct-15 $700,000 Small multifamily 3 $233,333 3,750 $187 No

20 254 E 94 St 16-Oct-15 $699,000 Small multifamily 4 $174,750 3,600 $194 No

21 689 Linden Blvd 16-Nov-15 $685,000 Small multifamily 3 $228,333 4,020 $170 No

22 349 Rockaway Pkwy 13-Nov-15 $683,000 Small multifamily 4 $170,750 3,198 $214 No

23 387 E 96 St 17-Nov-15 $678,400 Small multifamily 4 $169,600 3,198 $212 No

24 2517 Bedford Ave 16-Oct-15 $675,000 Small multifamily 3 $225,000 3,414 $198 No

25 1202 Rogers Ave 07-Oct-15 $665,000 Small multifamily 3 $221,667 3,300 $202 No

26 157 E 96 St 16-Dec-15 $650,000 Small multifamily 4 $162,500 3,198 $203 No

27 151 E 52 St 14-Dec-15 $650,000 Small multifamily 4 $162,500 3,564 $182 No

28 194 E 95 St 21-Oct-15 $625,000 Small multifamily 4 $156,250 3,195 $196 No

29 558 E 96 St 06-Nov-15 $615,000 Small multifamily 3 $205,000 3,456 $178 No

30 1544 Nostrand Ave 02-Dec-15 $600,000 Small multifamily 3 $200,000 2,424 $248 No

31 343 E 53 St 29-Oct-15 $600,000 Small multifamily 6 $100,000 5,544 $108 No

32 116 Rockaway Pkwy 18-Nov-15 $600,000 Small multifamily 4 $150,000 3,198 $188 No

33 192 E 31 St 23-Dec-15 $585,000 Small multifamily 3 $195,000 3,216 $182 No

34 129 E 52 St 26-Oct-15 $570,000 Small multifamily 3 $190,000 2,950 $193 No

35 1464 New York Ave 16-Dec-15 $565,000 Small multifamily 3 $188,333 3,228 $175 No

36 24 E 29 St 02-Nov-15 $525,000 Small multifamily 3 $175,000 2,757 $190 No

37 938 Utica Ave 12-Nov-15 $500,000 Small multifamily 6 $83,333 4,800 $104 No

38 202 E 94 St 30-Dec-15 $472,000 Small multifamily 3 $157,333 2,600 $182 No

39 165 E 91 St 30-Nov-15 $450,000 Small multifamily 3 $150,000 2,680 $168 No

40 163 E 95 St 11-Nov-15 $400,000 Small multifamily 4 $100,000 3,198 $125 No

41 1821 Nostrand Ave 10-Nov-15 $250,375 Small multifamily 3 $83,458 1,696 $148 No

Address Sale date Sale price Property type Units Price per unit Sq. Ft. Price per Sq. Ft.Package

deal

LIST OF TRANSACTIONS

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